Any changes within the system are made through on-chain recommendations and voting. Now YFI represents a multi-signature wallet, which means that in order to make any changes agreement of 6 out of 9 participants is needed. yearn smart contracts are covered by Nexus Mutuals insurance. The creator of this ecosystem is Andre Cronje. TUSD, sUSD, BUSD.yearn has issued its governance token YFI. Thus yield farming process is created.ĭue to Automated Market Maker between yTokens, the users can receive both lending and trading fees at the same time. ![]() To acquire YFI, yearn.finance's governance token, the users must provide liquidity investing some yTokens. With only 36,000 tokens in circulation, its total market capitalization is still less than 3 billion, which is not even enough to enter the top 50 cryptocurrencies by market cap, but the 23 increase in the last 24 hours alone makes it one of the best performing cryptocurrencies today. The chart shows the change in the yearn.finance price (YFI) over the past 30 days. Today, the price of the Yearn Finance (YFI) token hit a new all-time high of 90,000. yearn.finance is down -5.38 in the last 24 hours and a 24-hour trading volume of 52,901,189.98 USD. ![]() When the deposit is done to yearn.finance, it is transformed into yTokens, which are systematically readjusted to select the most beneficial lending service. Today’s live yearn.finance price (YFI) is 5,877.83 USD with a live market cap of 215,350,429.93 USD. Yearn.finance is a decentralized system of aggregators that combine lending platforms like Aave and Compound to make token loaning process as easy and profitable as possible. Yearn.finance market data YFI Coin Price:
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